US SPX 500 Cash
Short

SP500 3H Chart Analysis (Sell Setup Identified):

118
Chart Analysis (Sell Setup Identified):

A major ascending trendline has been broken.

A retest of the broken trendline is marked with an orange arrow.

This suggests a potential bearish reversal setup — perfect for a sell setup.

The chart already has two clear targets marked below.



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🎯 Sell Entry Target:

You should consider entering a sell position near the retest zone:

Sell Entry Zone: Around 6,290 – 6,310 (Where price is retesting the trendline)



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📉 Sell Setup Targets:

1. Target 1: 6,100.26
✅ Take partial profits here
🛡 You can also move stop loss to breakeven


2. Target 2: 5,951.43
🎯 Final target (strong support level)




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⛔ Stop Loss (SL):

Place SL above the retest candle or just above trendline:

Around 6,330 – 6,345




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Summary:

Type: Sell setup (bearish trendline break + retest)

Entry: 6,290 – 6,310

Stop Loss: 6,330 – 6,345

Targets:
• TP1: 6,100
• TP2: 5,951

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